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Looking to Play the Chia Crypto? The XCH Craze Is Boosting These 4 Stocks

The exponentially growing list of shortages grows longer by the day. From basic commodities like wood and rubber to more robust products like microchips, almost every sector is being hit in some way by shortages. Chia (CCC:XCH-USD) a new crypto play putting an emphasis on eco-friendly mining, might be the catalyst of yet another shortage in the near future.

Chia is one of the hottest new crypto plays. Launched at the beginning of May, it is one of the most popular green coins for investors. Rather than using the energy consumptive proof of work algorithm of Bitcoin (CCC:BTC-USD), XCH uses a proof of space and time.

Essentially, this allows miners to allocate unused hard drive space on their computers for dedicated XCH mining.

As such, mining is no longer relegated to huge farms of hundreds or thousands of graphics cards. One can mine Chia on their personal computer while they use it. Amazon (NASDAQ:AMZN) is even allowing users to mind XCH on their AWS cloud, a huge cosign of the currency.

Chia is one of the hottest new crypto plays. Launched at the beginning of May, it is one of the most popular green coins for investors. Rather than using the energy consumptive proof of work algorithm of Bitcoin (CCC:BTC-USD), XCH uses a proof of space and time.

Essentially, this allows miners to allocate unused hard drive space on their computers for dedicated XCH mining.

As such, mining is no longer relegated to huge farms of hundreds or thousands of graphics cards. One can mine Chia on their personal computer while they use it. Amazon (NASDAQ:AMZN) is even allowing users to mind XCH on their AWS cloud, a huge cosign of the currency.